Using information better

When one ponders data mining, it is often in the context of detecting consumer behavior.  Here’s a story of a company that unleashed unpaid interns on a bunch of internal data, yielding sizable cost savings.

“Future Crime Sleuths Upgrade Airline Security,” The Wall Street Journal, September 30, 2016 B1.  College interns poured over internal worker injury data and accident reports.  Result: safety warnings and process changes that reduced employee injuries by 25% and damage to aircraft by almost 33%.

What information do you have and where do you have it?  What’s that information worth?  If HP only knew what HP knew ….

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Filed under Analytics, Duty of Care, Governance, Information, Oversight, Value

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